Apple M2 chip to life profits?

Apple has introduced its M2 silicon chip which has an 18% better performance than the previous M1 chip and it will be used in Mac computers. The new MacBook Pro will be $1299 and the new MacBook Air starts from $1199

Alongside this development Apple also announced a ‘buy-now-pay-later’ service and payments will be managed through the Apple wallet.

Will these new announcements be good news for Apple stock? Will positive sentiment from this announcement help Apple stock run higher through the summer?

Apple shares have gained 20 times in the last 25 years between June 12 and September 01. The largest gain was in 2020 with a huge 58.70% profit!

Does it make sense to buy Apple now on these strong seasonals?

Major Trade Risks:
Any serious signs of slowing global growth or serious supply chain disruptions from Apple can hinder this outlook.

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